Question: I need help computing the future value of an education fund. So I know how to compute the future value when given the payments, time,
I need help computing the future value of an education fund. So I know how to compute the future value when given the payments, time, and rate. Example 450 in payments, 36 months, and 15% rate. It would be 450*36 = 16200 , then 16200 * .15 = 2430. FInal answer is 16200+2430 = 18630. However, how would I compute future value if the payments were not given but the present value was. Example, 150000 for present value, 15 years, and a 5% rate?
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